Homeowner Tax Breaks for your 2015 Return. Tax time is looming on the horizon and as a new home owner you may be wondering what options you have when you file your return. The good news is that there are many opportunities available. Here’s what you need to know: Mortgage Interest. The mortgage interest that you pay on your home loan every.
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A renter who just attended a housewarming, for example, might say her top priority is saving to buy a home. She may forget that she really wants. have meant missing years of company matches, tax.
Homeowners in particular have little reason to cheer, because the new tax law limits the deductions that homeowners can take for their mortgage interest and property taxes. Homeowners never imagined this could happen, as these deductions were considered to be an important financial incentive for people to buy homes, as homeowners drive 70% of.
Luckily, Uncle Sam realizes that community owning a home can be a tough cross to bear, and is happy to cut you a little slack in the form of tax credits and breaks! Read on to see the 5 best homeowner tax breaks that you should be aware of in 2016. The Big Homeowner Tax Break – Mortgage Interest Deductions
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